Tuesday, 03 Aug 2021 02:29 PM MYT
KUALA LUMPUR, Aug 3 ― Hartalega Holdings Bhd’s net profit for the first quarter (Q1) ended June 30, 2021 jumped to RM2.26 billion from RM219.72 million while revenue soared to RM3.90 billion versus RM920.08 million.
In a statement today, chief executive officer Kuan Mun Leong said the glove maker’s performance was achieved on the back of higher average selling prices (ASP) and increased sales volume, although this was partially offset by the increase in raw material prices.
“Moving forward, while average selling prices for nitrile gloves have been declining from its peak, global demand is expected to remain heightened, particularly due to new Covid-19 variants affecting countries worldwide,” he said.